Insider Selling: Ouster (NYSE:OUST) CTO Sells $1,400,000.00 in Stock

Ouster, Inc. (NYSE:OUSTGet Free Report) CTO Mark Frichtl sold 40,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,400,000.00. Following the transaction, the chief technology officer owned 628,638 shares of the company’s stock, valued at approximately $22,002,330. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mark Frichtl also recently made the following trade(s):

  • On Wednesday, May 13th, Mark Frichtl sold 136,434 shares of Ouster stock. The stock was sold at an average price of $32.56, for a total transaction of $4,442,291.04.
  • On Friday, May 15th, Mark Frichtl sold 4,316 shares of Ouster stock. The stock was sold at an average price of $36.00, for a total transaction of $155,376.00.
  • On Tuesday, May 5th, Mark Frichtl sold 13,451 shares of Ouster stock. The stock was sold at an average price of $30.00, for a total transaction of $403,530.00.
  • On Monday, May 4th, Mark Frichtl sold 21,149 shares of Ouster stock. The shares were sold at an average price of $30.13, for a total transaction of $637,219.37.
  • On Wednesday, April 22nd, Mark Frichtl sold 400 shares of Ouster stock. The shares were sold at an average price of $30.00, for a total transaction of $12,000.00.
  • On Monday, April 20th, Mark Frichtl sold 60,000 shares of Ouster stock. The shares were sold at an average price of $26.58, for a total transaction of $1,594,800.00.
  • On Friday, April 17th, Mark Frichtl sold 30,000 shares of Ouster stock. The shares were sold at an average price of $25.15, for a total transaction of $754,500.00.
  • On Wednesday, April 15th, Mark Frichtl sold 20,000 shares of Ouster stock. The shares were sold at an average price of $24.00, for a total transaction of $480,000.00.
  • On Tuesday, April 14th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $22.76, for a total transaction of $910,400.00.
  • On Wednesday, March 25th, Mark Frichtl sold 40,000 shares of Ouster stock. The shares were sold at an average price of $20.94, for a total transaction of $837,600.00.

Ouster Price Performance

NYSE OUST opened at $34.86 on Monday. Ouster, Inc. has a 1 year low of $9.77 and a 1 year high of $41.65. The company has a market capitalization of $2.19 billion, a PE ratio of -13.56 and a beta of 3.06. The company has a fifty day moving average of $23.50 and a two-hundred day moving average of $23.33.

Institutional Investors Weigh In On Ouster

Several hedge funds have recently made changes to their positions in OUST. Invesco Ltd. boosted its stake in shares of Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ouster during the first quarter worth about $8,915,000. Vanguard Group Inc. boosted its stake in shares of Ouster by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock worth $127,683,000 after buying an additional 478,372 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Ouster by 130.7% during the fourth quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after buying an additional 405,441 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Ouster by 517.5% during the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company’s stock worth $8,693,000 after buying an additional 336,673 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on OUST. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Cantor Fitzgerald downgraded shares of Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.20.

View Our Latest Stock Analysis on OUST

About Ouster

(Get Free Report)

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.

Further Reading

Insider Buying and Selling by Quarter for Ouster (NYSE:OUST)

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